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TICKERS: GOT; GOTRF; B4IF; FSE

Goliath Nails High-Grade Gold in 24 Out of 24 Holes, Stock Declines
Expert Opinion

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Bob Moriarty of 321Gold shares his thoughts on Goliath Resources' outstanding drill results, which they just announced on Tuesday.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF;FSE) released a home run press release on January 11, 2022, showing the outstanding results from a 24-hole drill program.

The stock went down $.03 on the news.

That’s a perfect example of “buy the rumor, sell the news.”

Personally when I saw the press release I thought the stock would go up fifty percent.

It should have.

 

Bob Moriarty stock expert streetwise reports fighter
GOT 4.35 g/t Au

 

Listing the assay results from twenty-four out of twenty-four holes would get way too boring for both you and me so I have listed the average grades of gold and silver from all twenty-four holes. While those are not the barn burning incredible holes coming from New Found Gold and Eloro and Eskay, $331 rock (US) over 5.87 is bonanza quality.

I have covered the company for almost two years and it has been a giant home run for my readers.

In August of 2019 the stock was $.12. In the past two years the stock has been as cheap as $.115 and had a high of $1.62 in July of 2021.

The company has shown they have the goods and more drilling will generate more outstanding results. The stock now has a market cap of about $47 million CAD.

It’s going to go a lot higher once investors sober up.

The stock has had a perfectly normal 50% correction since the high and is prepared to go much higher now. It looks to me as if they have at least a couple of million ounces using Kentucky Windage.

That would make gold in the ground worth about $18 an ounce in USD and it should be 3-5 times higher than that.

 

GOT 2021drill hole

 

Goliath is an advertiser on 321gold and I have bought a fair number of shares at a higher price. I am biased so do your own due diligence.

Goliath Resources

GOT-V $.84 (Jan 11, 2022)

GOTRF OTCBB 56 million shares

Goliath Resources website

Bob Moriarty
President: 321gold
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321gold

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosures:

1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. Goliath Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.

2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.   




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